OPEC to Raise Output If There

(Bloomberg) — OPEC will raise oil output if there

The Organization of Petroleum Exporting Countries will meet Dec. 22 in Luanda, Angola, to review production quotas. Crude futures have rallied 76 percent this year and reached a one-year high of $82 a barrel on Oct. 21 as the dollar weakened. Investors buy oil, which is priced in dollars, as a hedge against currency drops.

OPEC will raise output quotas if members fully comply with pledges to reduce production, Kuwaiti Oil Minister Sheikh Ahmad al-Abdullah al-Sabah said in Kuwait City today. Oil prices are